Tuesday's ETF Winners & Losers

Semiconductor-related funds were among the hardest hit in a bloodied market.
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Semiconductor-related exchange-traded funds were among the worst performers of a down market Tuesday, weighed by declines in some big names.

National Semiconductor

(NSM)

,

Advanced Micro Devices

(AMD) - Get Report

and

Texas Instruments

(TXN) - Get Report

were all declining by 2% or more.

Ultra Semiconductor ProShares

(USD) - Get Report

responded by falling $2.16, or 2.7%, to $77.59.

Internet Infrastructure HOLDRs

(IIH)

was dropping 10 cents, or 1.8%, to $5.40.

Housing-related funds also were hit hard.

Federal Reserve

Chairman Ben Bernanke, in prepared remarks to the International Monetary Conference in South Africa, said that while the ongoing housing slump had not adversely affected the overall economy, "the slowdown in residential construction now appears likely to remain a drag on economic growth for somewhat longer than previously expected."

The

Ultra Real Estate ProShares

(URE) - Get Report

was dropping $2.15, or 3.4%, to $60.37. The

Vanguard REIT Index ETF

(VNQ) - Get Report

was off $1.24, or 1.6%, to $78.14. The

iShares Cohen & Steers Realty Majors

(ICF) - Get Report

sunk $1.39, or 1.4%, to $101.17.

Utility-sector funds also were slumping.

Ultra Utilities ProShares

(UPW) - Get Report

was down $2.08, or 2.3%, to $86.84.

ETFs tracking silver were among the few winners in Tuesday's market. Silver futures were trading up 7 cents to $13.76.

PowerShares DB Silver

(DBS) - Get Report

was rising 17 cents, or 0.6%, to $27.11. The

iShares Silver Trust

(SLV) - Get Report

was adding 42 cents, or 0.4%, to $136.90.

Some health care-related funds also found modest success.

HealthShares Cardiology

(HRD)

was up 10 cents, or 0.4%, to $26.46, aided by a 15% rise in

Encysive Pharmaceuticals

(ENCY)

.